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July 27, 2021, 5:40 a.m. EDT

CLASS ACTION UPDATE for SPCE, DKNG and CRMD: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

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July 27, 2021 (ACCESSWIRE via COMTEX) -- NEW YORK, NY / ACCESSWIRE / July 27, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

SPCE Shareholders Click Here: https://www.zlk.com/pslra-1/virgin-galactic-holdings-inc-loss-submission-form?prid=17993&wire=1

DKNG Shareholders Click Here: https://www.zlk.com/pslra-1/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form?prid=17993&wire=1

CRMD Shareholders Click Here: https://www.zlk.com/pslra-1/cormedix-inc-loss-submission-form?prid=17993&wire=1

* ADDITIONAL INFORMATION BELOW *

Image: https://www.accesswire.com/users/newswire/images/657178/Rotating-Logo.jpg

Virgin Galactic Holdings, Inc. /zigman2/quotes/208333884/composite SPCE -1.15%

SPCE Lawsuit on behalf of: investors who purchased October 26, 2019 - April 30, 2021

Lead Plaintiff Deadline : July 27, 2021

TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/virgin-galactic-holdings-inc-loss-submission-form?prid=17993&wire=1

According to the filed complaint, during the class period, Virgin Galactic Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) for accounting purposes, Social Capital Hedosophia Holdings Corp.'s ("SCH") warrants were required to be treated as liabilities rather than equities; (ii) Virgin Galactic had deficient disclosure controls and procedures and internal control over financial reporting; (iii) as a result, the Company improperly accounted for SCH warrants that were outstanding at the time of the business combination; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. /zigman2/quotes/213120645/composite DKNG +3.08%

DKNG Lawsuit on behalf of: investors who purchased December 23, 2019 - June 15, 2021

Lead Plaintiff Deadline : August 31, 2021

TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form?prid=17993&wire=1

According to the filed complaint, during the class period, DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (i) SBTech Global Limited ("SBTech"), a company acquired by DraftKings, had a history of unlawful operations; (ii) accordingly, DraftKings' merger with SBTech exposed the Company to dealings in black-market gaming; (iii) the foregoing increased the Company's regulatory and criminal risks with respect to these transactions; (iv) as a result of all the foregoing, the Company's revenues were, in part, derived from unlawful conduct and thus unsustainable; (v) accordingly, the benefits of the Business Combination were overstated; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

CorMedix Inc. /zigman2/quotes/208661469/composite CRMD -4.04%

CRMD Lawsuit on behalf of: investors who purchased July 8, 2020 - May 13, 2021

/zigman2/quotes/208333884/composite
US : U.S.: NYSE
$ 19.78
-0.23 -1.15%
Volume: 19.42M
Oct. 18, 2021 1:17p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.15 billion
Rev. per Employee
$289.19
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/zigman2/quotes/213120645/composite
US : U.S.: Nasdaq
$ 49.56
+1.48 +3.08%
Volume: 5.50M
Oct. 18, 2021 1:17p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$38.29 billion
Rev. per Employee
$236,358
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/zigman2/quotes/208661469/composite
US : U.S.: Nasdaq
$ 4.75
-0.20 -4.04%
Volume: 98,198
Oct. 18, 2021 1:14p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$188.53 million
Rev. per Employee
$6,835
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